Goldman Sachs Tuition Reimbursement Program 2027

Goldman Sachs is one of the world's best-known investment banks, with its global headquarters at 200 West Street in Lower Manhattan. Beyond investment banking, the firm employs people across asset and wealth management, trading, engineering, and operations, and many of those roles reward advanced education.

That's where Goldman's tuition reimbursement program comes in. This guide covers how the benefit works, who qualifies, and what else the firm offers to support your education, plus how Goldman compares with other NYC companies that pay for college.

Does Goldman Sachs Pay for College?

Yes, Goldman Sachs offers tuition reimbursement to eligible U.S. employees. The firm's benefits summary says the program generally provides up to $10,000 per calendar year for undergraduate or graduate courses.

The degree you pursue must be job-related, and you'll need to complete one year of service before you qualify. As with most tuition reimbursement programs, plan on paying upfront and submitting your costs for repayment after you finish the course.

What Counts as Job-Related

Goldman doesn't publish a list of approved programs, so the job-related requirement is worth discussing with your manager before you apply. A degree that builds skills for your current role, or a closely connected one at the firm, has the strongest case.

Fields like finance, business, economics, computer science, statistics, and data science line up well with most of Goldman's work. A program far removed from the firm's business will be a much harder sell.

How Taxes Work on a $10,000 Benefit

Federal tax rules let employers provide up to $5,250 a year in tax-free educational assistance. Goldman's own benefits materials note that certain benefits may be taxable, so if you use the full $10,000, the amount above $5,250 generally counts as taxable income.

That still leaves you far ahead of paying for school yourself. Just budget for a slightly smaller paycheck in the months your reimbursement is processed.

Who Qualifies for Goldman's Tuition Benefit?

Eligibility starts after one year of service. Goldman's U.S. benefits generally apply to active, non-temporary employees who work at least 20 hours a week, including part-time staff, though the plan documents set the final rules for each benefit.

If you're thinking about a part-time role or a reduced schedule, ask HR how that would affect your tuition benefit before you enroll. The one-year waiting period also means new hires should plan to start coursework in their second year.

Scholarships for Employees' Children

Goldman's education support reaches beyond employees themselves. The firm offers educational scholarships for employees' dependents, which also come with a one-year service requirement.

The firm's U.S. benefits summary notes that some of these benefits may be taxable. Ask HR about award amounts, application timelines, and eligibility rules if you have a child heading to college.

Other Ways Goldman Supports Learning

Goldman invests in training well beyond formal degrees. New analysts and associates go through structured training programs, and employees have access to internal learning resources and live financial education sessions on topics like taxes and estate planning.

All employees can also earn Mental Health First Aid certification, an internationally recognized training for supporting colleagues. Programs like these help you keep building skills between degrees or certifications.

Returnship Program

Goldman's Returnship is a paid, 12-week, full-time program for professionals returning to work after a career break. It's open to people with at least three years of work experience who have been out of the full-time workforce for two years or more.

Returners work across a variety of divisions, with U.S. locations that include New York City, Jersey City, and Albany. Many alumni go on to full-time roles, which would give them access to Goldman's tuition benefit once they reach the one-year mark.

CUNY Futures in Finance

Goldman Sachs helped launch CUNY Futures in Finance alongside Bloomberg and Centerbridge Partners. The coalition connects City University of New York students with training, internship opportunities, and guidance from financial industry professionals.

For New York students who want a career in finance, it's a useful way to build connections before graduation. If you're starting at a public college, affordable online colleges in New York can help you keep costs down while you work toward a finance degree.

How To Make the Most of Goldman's Tuition Benefit

A $10,000 annual benefit can cover a big share of many programs if you plan carefully. Here's how to approach it:

• Mark your one-year anniversary: Plan your first term to start after you meet the service requirement.
• Talk with your manager early: Explain how the degree ties to your role so the job-related requirement doesn't slow down approval.
• Spread courses across calendar years: The cap resets each calendar year, so timing your coursework can help you use more of the benefit over a full degree.
• Plan for taxes: Set aside money for any taxes on reimbursement above $5,250.
• Keep records organized: Save receipts, grade reports, and approval paperwork so you can submit reimbursement quickly.

Degree Paths That Fit Goldman Sachs Careers

Graduate degrees are where Goldman's benefit stretches furthest. An online MBA in finance can prepare you for leadership in banking or asset management, while a master's degree in finance builds deeper expertise in valuation, markets, and risk.

Technology roles are a growing part of the firm, too. Engineers can strengthen their skills with affordable online computer science degrees in New York, and analysts can benefit from data analytics programs that focus on modeling and large datasets.

Career Outlook in Finance

Advanced education can open the door to some of the highest-paying roles in the industry. Financial managers earn a median annual wage of $166,570, according to the Bureau of Labor Statistics (BLS), and employment is projected to grow 10% through 2035.

Most of those roles require years of experience in a related job. Many people start as financial analysts, who earn a median annual wage of $103,570 and whose employment is projected to grow 7% through 2035.

How Goldman Sachs Compares to Other Financial Firms

New York's big banks all offer education benefits, but they're structured differently. Here's how Goldman compares with two of its largest neighbors.

JPMorgan Chase

JPMorgan Chase runs its education benefit through Guild, with full tuition coverage for select associate and bachelor's degrees in its catalog. Other approved undergraduate programs get up to $5,250 a year, and master's degrees and certificates get up to $7,500.

Chase is the better fit if you want a fully funded bachelor's degree. Goldman's $10,000 annual cap gives graduate students more room, and you're not limited to a set catalog of schools.

Bank of America

Bank of America offers up to $7,500 a year in tuition assistance for eligible expenses. Relevant professional certification exams may also be covered with advance approval.

Bank of America's benefit covers certifications explicitly, which can help with licenses and designations. Goldman's higher annual cap makes it the stronger option for employees working toward a full degree.

Things To Consider

Goldman's one-year waiting period means you can't use the benefit right away. If you're weighing job offers and want to start school soon, factor that delay into your decision.

The job-related requirement is the other key detail. Get a clear answer from your manager and HR before you enroll so you're not surprised by a denied request after you've paid tuition.

FAQs About Goldman Sachs Education Benefits

Goldman's education benefits come with a few details that aren't obvious at first. These answers cover some common questions.

Does Goldman Sachs Pay for Employee MBAs?

An MBA can qualify for tuition reimbursement as long as it's job-related and approved, which it often is for business roles. You'd use the standard $10,000 annual benefit, so a full-time or high-cost MBA program would leave a balance. Many employees choose part-time or online programs so they can keep working while they study.

Is Goldman's MBA Fellowship the Same as Tuition Reimbursement?

No, they're separate programs. The MBA Fellowship is a recruiting award for first-year MBA students who land a Summer Associate role, and it has offered $35,000 for completing the internship plus $40,000 more for accepting a full-time offer. Tuition reimbursement, on the other hand, is a benefit for people who already work at Goldman.

Does Goldman Sachs Help With Student Loans?

Goldman doesn't publicly advertise a standalone student loan repayment benefit in the U.S. The firm says it offers financial support for higher education and financial wellness resources, but the details vary. Ask HR whether any loan assistance is available in your role or location.

Build Your Finance Career at Goldman Sachs

Goldman Sachs gives eligible employees up to $10,000 a year for job-related coursework, plus scholarships for dependents and a wide range of training programs. Learn.org offers information and resources to help you compare programs and plan the education path that fits your goals.